PSV Eindhoven seem firmly on course to win their third league title in a row after establishing a massive 17-point lead at the top of the Eredivisie.
The appointment of Peter Bosz as head coach at the beginning of the 2023/24 season has undoubtedly turned out to be a good one, so it is no surprise that he has extended his contract until 2028. The former manager of Ajax, Borussia Dortmund, Bayer Leverkusen and Lyon said that he wants to win “lots more trophies”.
That said, this season’s adventure in the Champions League ended in disappointment after PSV only finished 28th in the league phase, thus failing to qualify for the knockout round.
Domestically, it’s been a very different story after the recent upsurge in fortunes. PSV had won the league three times in the four seasons up to 2017/18, but then finished as runners-up four times in the next five seasons, before the current purple patch.
The club said that PSV’s titles were widely considered as “victories for attacking football”.
2024/25 Season
It’s fair to say that PSV did it the hard way last season, as they were nine points behind Ajax with five games remaining, before a spectacular collapse by their rivals effectively handed them the title. As the board put it, the season was “equally turbulent and successful”.
Elsewhere, PSV were eliminated in the semi-finals of the KNVB Cup after a “painful” home defeat to Go Ahead Eagles, while they were beaten by Feyenoord on penalties in the Johan Cruyff Shield.
They enjoyed a good run in the Champions League before Arsenal outclassed them in the last 16, winning 9-3 on aggregate.
Profit/(Loss) 2024/25
The club said that the 2024/25 season was “a great success not only in terms of sporting performance, but also financially.”
In fact, PSV posted a €10.1m pre-tax profit (€7.5m after tax), though this was a little lower than the previous year’s €13.9m.
This was driven by a new club record for revenue, which rose €18.7m (12%) from €152.1m to €170.8m, though this was partly offset by profit from player sales falling from €31.3m to €23.7m.
Operating expenses also grew €14.0m (18%) from €169.5m to €183.5m, while net interest payable slightly increased from €0.7m to €0.9m.
PSV’s revenue growth was almost entirely driven by TV money from the Champions League, leading to a steep increase in broadcasting income, which rose €17.8m (29%) from €62.3m to €80.1m.
Commercial was up €1.4m (3%) from €56.1m to €57.5m, but match day slightly fell by €0.5m (2%) from €33.7m to €33.2m.
However, PSV paid a price for their excellent sporting results, as the wage bill rose €7.1m (9%) from €77.2m to €84.3m, due to higher bonuses. Player amortisation increased €7.5m (29%) from €25.7m to €33.2m, but there was no repeat of the previous season’s €2.7m player impairment.
Other expenses also rose €2.0m (4%) from €56.7m to €58.7m, while depreciation was a little higher at €7.4m.
Although PSV’s €10.1m pre-tax profit demonstrated the club’s good financial health, three other clubs in the Eredivisie actually did better last season, namely Feyenoord €31.1m, Twente €19.9m and AZ €14.3m. In stark contrast, Ajax posted a significant €51.5m loss.
